US: Annual Core PPI rises to 1.2% in September vs. 0.9% expected

Annual Core PPI in the US rose more than expected in September.
US Dollar Index posts modest daily losses near 93.30 after the data.

Eren Sengezer FXStreet

The Producer Price Index (PPI) in the US for final demand ticked higher to 0.4% on a monthly basis in September from 0.3% in August, the data published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the PPI rose to 0.4% from -0.2% and came in higher than the market expectation of 0.2%.

Further details of the publication revealed that the Core PPI, which excludes volatile food and energy prices, climbed from 0.6% to 1.2% on a yearly basis and surpassed analysts' estimate of 0.9%.

Market reaction

The US Dollar Index edged lower after this data and was last seen losing 0.25% on a daily basis at 93.31.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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